CannaRoyalty Shares Increase Following Q4 Results – Investing News Network

As part of its latest quarterly report, the company revealed that it generated a revenue stream of C$1,072,399 during the period.

On Wednesday (April 4), CannaRoyalty (CSE:CRZ,OTCQX:CNNRF) presented its financial results for Q4 2017, revealing a busy quarter of acquisitions in California.

CannaRoyalty acts as an investor of cannabis businesses in the available legal US market. As part of its quarterly report, the company revealed a revenue stream of C$1,072,399 was generated.

During its most recent quarter results, the company sought to acquire Alta Supply and River Distributions as a way to strengthen its distribution capabilities. CannaRoyalty also closed the acquisition of Kaya Management, the manufacturer of the “Bhang” vaporizer brand of products.

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“We believe we are well positioned given our focus on the distribution side of things but creating an open and independent system,” Afzal Hasan, executive VP of corporate development said during a conference call.

CannaRoyalty determined it created C$3,077,969 worth of

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